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If the cost of debt for Sohar Textiles is 8.9% (effective rate) and the after-tax cost of debt is 0.068, what is the tax rate?

If the cost of debt for Sohar Textiles is 8.9% (effective rate) and the after-tax cost of debt is 0.068, what is the tax rate? Select one a0236 6.0.157 C. All the given choices are not correct d. 0.021 1.784

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